ABSTRACT
Population Population 21.2 mn Urban population (2005) 75% Population under 15 (2006) 20% Population 65 and over (2006) 13% Average annual growth rate (2006 to 2007) 1.5% Geography Land area 7,686,850 km2 Agricultural area 60% Capital city Canberra Population of capital city (2006) 0.32 mn Largest city Sydney Population of largest city (2006) 4.1 mn Economy Monetary unit Australian Dollar (A$) Exchange rate (average fourth quarter 2008) to: the pound sterling A$ 2.37 the US dollar A$ 1.52 the euro A$ 1.93 the yen x 100 A$ 1.58 Average annual inflation (1999 to 2008) 3.3% Inflation rate 3.7% Gross Domestic Product (GDP) A$ 1,083.66 bn GDP per capita A$ 51,116 Average annual real change in (GDP) (1999 to 2008) 3.6% Private consumption as a proportion of GDP 57.0% Public consumption as a proportion of GDP 22.0% Investment as a proportion of GDP 18.0% Construction Gross value of construction output (2007 to 2008) A$ 117.89 bn
THE CONSTRUCTION INDUSTRY
Construction Output
Gross construction output was A$117.89 billion for the year 2007-08, equivalent to US$78 billion. Construction output is divided into three broad sectors: residential building, non-residential building and engineering construction. Table below shows the level of output in each sector at average 2007-08 prices.
